Allcargo Terminals Ltd

Meeting Details

• Wednesday, August 26, 2026, 04:00 P.M. - 05:00 P.M.
• Group meeting, physical
• Analyst / Institutional Investor Meeting hosted by Allcargo Terminals Ltd

Participants

• Company officials (management representatives) to participate

Purpose

• Discussion with investors/analysts based on publicly available information
• Uses Q1 FY2026-27 investor presentation

Additional Notes

• Investor presentation for Q1 FY2026-27 is already public on company and stock exchanges’ websites
• Presentation will be used in the meeting

Meeting Details

• Date/time: Tuesday, August 25, 2026, 04:00-05:00 P.M.
• Type/mode: one-on-one, physical meeting.
• Organizer: Bajaj Alternates AIF (1x1).
• Company participants: officials; Company Secretary & Compliance Officer involved.
• Purpose: discuss Q1 FY2026-27 using the investor presentation; public info.
• Presentation: Q1 FY2026-27 investor deck publicly available.

Volume performance

• Total volumes in July 2026 were 62.7 thousand TEUs, up 8% YoY and 13% MoM.

Operational context

• ICD is a JV with CONCOR.

Financial Performance

• Q1 FY27 revenue at INR 214 crores, up from INR 187 crores (Q1 FY26).
• Q1 FY27 EBITDA (excl. other income) at INR 47 crores, vs INR 35 crores (Q1 FY26).
• Q1 FY27 EBITDA per TEU: INR 2,690.
• Q1 FY27 volume: 1,76,499 TEUs, up 7.2% YoY.
• FY26 capacity expanded ~20% to ~1.03 million TEUs.
• MD transition: Pranav Choudhary named MD-designate; Suresh Kumar to retire end-month.

Operations & Capex

• Plan 2030 capex: INR 400 crores; FY27 capex ~INR 100 crores.
• Funding mix: INR 50 crores balance; INR 150 crores future cash flow; INR 200 crores accruals.
• Capacity expansion from 8.3 lakh to 13 lakh TEUs planned by 2030.
• Farukhnagar PFT/ICD: PFT by Feb–Mar 2027; ICD by Q3 FY27 (Oct–Dec 2027).
• Speedy JNPT expansion: ~60,000 TEUs annual capacity; tendering complete; work to start post-monsoons.
• Speedy renewal: 10-year extension; INR 40 crores facility upgrade (50/50 with JNPA).
• Rollout of myCFS: 70–80% imports via app; 140 functioning CFSs; 2–3 others with similar.

Guidance & Outlook

• EBITDA per TEU expected around INR 2,400; current range roughly INR 2,400–2,500.
• 3-year plan targets EBITDA per TEU at INR 2,750 including Farukhnagar.
• Aim to become 1 million TEU operator by 2030 with higher EBITDA margins.

Q&A Highlights

• Capex for FY27–FY28 discussed; Plan 2030 capex INR 400 crores.
• Domestic rail share via Farukhnagar ICD estimated 20–25%; EXIM 75–80%.
• LCL with Allcargo Group contributes ~10–12% of revenue; margins similar to third-party.
• Nepal JV contributes ~2–3% of profitability/revenue.
• Dividend policy: currently not declaring; intends to deploy capital for growth and eventual dividend.
• Employee costs up in Q1 due to 10% increments and ESOP; INR 1 crore quarterly ESOP impact.

Balance Sheet & Cash Flow

• No explicit debt numbers disclosed in this chunk.
• Company has raised equity to finance expansion; ongoing capex funded via internal accruals and equity.
• No detailed cash-flow figures discussed in this chunk.

Meeting Details

• Date: August 12, 2026.
• Event: Earnings conference call for Q1 FY 2026-27.
• Availability: Audio recording of the call is available on the company website.

Purpose

• Purpose: Earnings discussion with investors for Q1 FY 2026-27.

Additional Notes

• Recording is already available on the company's website; no live link provided here.

Preferential warrant issue

• Mode of fund raising: preferential issue of convertible warrants.
• Date of raising funds: disclosed in the filing.
• Amount raised: disclosed in the filing.
• Deviation in use of funds: No.
• Status of utilisation: no utilisation in the latest quarter; earlier utilisation recorded.
• Monitoring agency: Not Applicable.
• Shareholder approval: Not Applicable.
• Audit committee: Not Applicable.

Right issue

• Mode of fund raising: rights issue.
• Date of raising funds: disclosed in the filing.
• Amount raised: disclosed in the filing.
• Monitoring agency: Applicable; name not disclosed.
• Deviation in use of funds: No.
• Shareholder approval: Not Applicable.
• Audit committee: Not Applicable.
• FD parking: Funds parked in fixed deposit for one year.
• Utilisation status: no current utilisation.

Business Overview

• ATL operates CFS, ICD, and warehousing nationwide under an Asset Right model.
• Pan-India footprint with six CFS and one ICD, throughputs targeting one million TEUs.
• Part of Allcargo Group with a strong balance sheet and digital-enabled operations.

Key Operational Highlights

• Capacity expansion to 1 million TEUs in FY26, a 20% growth target.
• Tendering for JNPT expansion completed, adding 60,000 TEUs annually.
• Farukhnagar Private Freight Terminal (PFT) construction on track for March 2027.
• Smart Yard Management System rolled out across all locations to boost efficiency.

Financial Performance

• Q1FY27 revenue ₹214 Cr, up 14.5% YoY.
• Q1FY27 EBITDA ₹47 Cr, margin 22.1%.
• Q1FY27 PAT ₹6 Cr, margin 3.0%.
• FY26 revenue ₹821 Cr, up 8.3% YoY; FY26 PAT ₹44 Cr, margin 5.4%.

Capital Structure & Liquidity

• Strong balance sheet with minimal debt.

Strategic Priorities & Outlook

• FY30 target to handle 1 million TEUs via CFS, PFT, and ICD expansions.
• Geographic expansion focused on northern India and rail-linked ICD opportunities.
• Digital enablement and yield management to improve profitability.

Risks & Mitigation

• Middle East conflict disruptions cited; mitigated by pricing discipline and efficiency gains.

Governance & Leadership

• Founder-chairman Shashi Kiran Shetty chairs the board.
• CEO: Capt. Ashish Chandna; CFO: Pritam Vartak.
• Independent directors include Radha Ahluwalia and Mahendrakumar Chouhan.

Financial highlights

• Consolidated revenue ₹214 crore in Q1 FY27, up 14.5% YoY from Q1 FY26.
• EBITDA ₹47 crore, up 37.2% YoY.
• PBT ₹14 crore in Q1 FY27.

Volumes and growth

• Volume grew 7% YoY in Q1 FY27.

Operational and strategic updates

• Capacity expansion plan on track; Farukhnagar PFT-ICD project on course.
• Other capacity expansions progressing in line with three-year growth plan.